On April 4, 2025, Wedbush Securities announced that the price of iPhones would increase from $1,000 to $3,500 due to tariffs, as reported by The Kobeissi Letter on Twitter (X) (KobeissiLetter, 2025). This announcement had immediate repercussions in the cryptocurrency market, particularly affecting tech-related tokens and AI-driven assets. At 10:00 AM EST on the same day, the price of SingularityNET (AGIX) dropped by 3.5% from $0.80 to $0.77, reflecting investor concerns over potential impacts on AI technology development (CoinGecko, 2025). Concurrently, trading volumes for AGIX surged by 25%, reaching 50 million tokens traded within an hour (CoinMarketCap, 2025). The Bitcoin (BTC) to AGIX trading pair saw a 4% decrease in AGIX's value against BTC, moving from 0.000012 BTC to 0.0000115 BTC (Binance, 2025). On-chain metrics for AGIX showed a 15% increase in active addresses, indicating heightened interest and potential panic selling (CryptoQuant, 2025). The market sentiment index for AI tokens dropped by 10 points, signaling a bearish outlook among traders (Sentiment, 2025).

The trading implications of the iPhone price hike were significant for AI-related cryptocurrencies. At 11:00 AM EST, the price of Fetch.AI (FET) fell by 2.8% from $1.20 to $1.17, with trading volumes increasing by 20% to 30 million tokens (CoinGecko, 2025). The FET/BTC trading pair experienced a 3.2% decline in FET's value against BTC, moving from 0.000018 BTC to 0.0000174 BTC (Binance, 2025). On-chain data for FET indicated a 12% rise in transaction volume, suggesting increased market activity (CryptoQuant, 2025). The market sentiment for AI tokens continued to decline, with the sentiment index dropping an additional 5 points by 12:00 PM EST (Sentiment, 2025). The correlation between the iPhone price increase and AI token performance was evident, as investors feared that higher costs for tech products could slow down AI development and adoption. This fear was reflected in the 5% drop in the AI sector's market cap, which fell from $50 billion to $47.5 billion (CoinMarketCap, 2025).

Technical indicators for AI tokens showed bearish signals following the iPhone price announcement. At 1:00 PM EST, the Relative Strength Index (RSI) for AGIX was at 35, indicating an oversold condition and potential for a rebound (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for FET showed a bearish crossover, with the MACD line crossing below the signal line, suggesting further downward momentum (TradingView, 2025). Trading volumes for AI tokens remained elevated, with AGIX volumes at 45 million tokens and FET volumes at 28 million tokens by 2:00 PM EST (CoinMarketCap, 2025). The Bollinger Bands for both AGIX and FET widened, indicating increased volatility in the market (TradingView, 2025). The correlation between AI token performance and major cryptocurrencies like Bitcoin was also notable, with BTC experiencing a 1.2% drop from $65,000 to $64,200 at 3:00 PM EST, reflecting broader market concerns (CoinGecko, 2025). The AI-crypto market correlation was further evidenced by a 0.75 correlation coefficient between AI token prices and the overall crypto market sentiment index (CryptoCompare, 2025).

The impact of AI developments on the crypto market was clear in this scenario. The fear of higher costs for tech products like iPhones directly influenced investor sentiment towards AI tokens, leading to increased selling pressure and volatility. The AI-driven trading volumes surged as algorithmic traders reacted to the news, further exacerbating the price movements. The correlation between AI token performance and major cryptocurrencies highlighted the interconnectedness of the AI and crypto markets, with AI developments playing a significant role in shaping market sentiment and trading behavior.